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Keyence

OTCPK:KYCC.F
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KYCC.F
OTCPK
¥8,482B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Keyence Corporation, together with its subsidiaries, develops, manufactures, and sells factory automation solutions worldwide. The last earnings update was 46 days ago. More info.


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KYCC.F Share Price and Events
7 Day Returns
3.9%
OTCPK:KYCC.F
-0.2%
US Electronic
0.4%
US Market
1 Year Returns
3.9%
OTCPK:KYCC.F
0.1%
US Electronic
3.5%
US Market
KYCC.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Keyence (KYCC.F) 3.9% 8.7% 28.4% 3.9% 18.2% 51.2%
US Electronic -0.2% 0.3% 22.8% 0.1% 60% 59.3%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • KYCC.F outperformed the Electronic industry which returned 0.1% over the past year.
Price Volatility
KYCC.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Keyence undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Keyence to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Keyence.

OTCPK:KYCC.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:KYCC.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.07 (1 + (1- 30.86%) (0%))
1.047
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.047 * 5.96%)
8.97%

Discounted Cash Flow Calculation for OTCPK:KYCC.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Keyence is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:KYCC.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.97%)
2019 206,006.43 Analyst x7 189,051.80
2020 232,241.22 Analyst x9 195,586.74
2021 260,973.89 Analyst x9 201,695.97
2022 270,963.50 Analyst x4 192,181.25
2023 298,776.50 Analyst x2 194,467.36
2024 317,730.15 Est @ 6.34% 189,783.63
2025 334,441.58 Est @ 5.26% 183,324.56
2026 349,493.92 Est @ 4.5% 175,808.58
2027 363,367.15 Est @ 3.97% 167,743.67
2028 376,439.87 Est @ 3.6% 159,476.30
Present value of next 10 years cash flows ¥1,849,119.87
OTCPK:KYCC.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥376,439.87 × (1 + 2.73%) ÷ (8.97% – 2.73%)
¥6,199,128.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥6,199,128.97 ÷ (1 + 8.97%)10
¥2,626,220.70
OTCPK:KYCC.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥1,849,119.87 + ¥2,626,220.70
¥4,475,340.57
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥4,475,340.57 / 121.26
¥36905.72
OTCPK:KYCC.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:KYCC.F represents 0.00892x of TSE:6861
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00892x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 36,905.72 x 0.00892
$329.38
Value per share (USD) From above. $329.38
Current discount Discount to share price of $624.30
= -1 x ($624.30 - $329.38) / $329.38
-89.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Keyence is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Keyence's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Keyence's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KYCC.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-20) in JPY ¥1,879.94
TSE:6861 Share Price ** TSE (2019-03-22) in JPY ¥69950
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.26x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Keyence.

OTCPK:KYCC.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6861 Share Price ÷ EPS (both in JPY)

= 69950 ÷ 1,879.94

37.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keyence is overvalued based on earnings compared to the US Electronic industry average.
  • Keyence is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Keyence's expected growth come at a high price?
Raw Data
OTCPK:KYCC.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
11.7%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.53x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

OTCPK:KYCC.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.21x ÷ 11.7%

3.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keyence is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Keyence's assets?
Raw Data
OTCPK:KYCC.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-20) in JPY ¥12,640.02
TSE:6861 Share Price * TSE (2019-03-22) in JPY ¥69950
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.11x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
OTCPK:KYCC.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6861 Share Price ÷ Book Value per Share (both in JPY)

= 69950 ÷ 12,640.02

5.53x

* Primary Listing of Keyence.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keyence is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Keyence's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Keyence has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Keyence expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Keyence expected to grow at an attractive rate?
  • Keyence's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Keyence's earnings growth is positive but not above the United States of America market average.
  • Keyence's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KYCC.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KYCC.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 11.7%
OTCPK:KYCC.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 11.2%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:KYCC.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KYCC.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 933,073 356,353 378,002 4
2022-03-31 837,619 314,899 327,308 5
2021-03-31 732,668 275,812 290,039 14
2020-03-31 649,048 246,351 254,560 15
2019-03-31 597,932 209,860 233,214 14
OTCPK:KYCC.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-20 585,836 227,969
2018-09-20 570,296 199,040 223,744
2018-06-20 550,461 218,779
2018-03-20 526,847 202,934 210,595
2017-03-20 421,796 162,213 160,907
2016-06-20 385,408 84,824 129,900
2016-03-20 379,282 106,483 137,166

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Keyence's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • Keyence's revenue is expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:KYCC.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Keyence Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KYCC.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 3,117.21 3,647.40 2,350.23 3.00
2022-03-31 2,699.06 3,087.50 2,201.80 5.00
2021-03-31 2,385.57 2,661.10 1,987.39 15.00
2020-03-31 2,100.89 2,301.60 1,871.94 16.00
2019-03-31 1,923.35 1,982.40 1,876.06 15.00
OTCPK:KYCC.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-20 1,879.94
2018-09-20 1,845.09
2018-06-20 1,804.14
2018-03-20 1,736.65
2017-03-20 1,326.81
2016-06-20 1,071.11
2016-03-20 1,131.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Keyence is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Keyence's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Keyence has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Keyence performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Keyence's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Keyence has delivered over 20% year on year earnings growth in the past 5 years.
  • Keyence's 1-year earnings growth is less than its 5-year average (14.9% vs 20.4%)
  • Keyence's earnings growth has not exceeded the US Electronic industry average in the past year (14.9% vs 61%).
Earnings and Revenue History
Keyence's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Keyence Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KYCC.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-20 585,836.00 227,969.00 147,640.00 13,208.00
2018-09-20 570,296.00 223,744.00 140,869.00 13,208.00
2018-06-20 550,461.00 218,779.00 133,409.00 13,208.00
2018-03-20 526,847.00 210,595.00 126,573.00 13,208.00
2017-03-20 421,795.89 160,906.63 103,339.97 11,485.33
2016-06-20 385,408.00 129,900.00 102,128.00 11,148.00
2016-03-20 379,282.00 137,166.00 97,031.00 8,295.00
2015-12-20 282,087.00 105,030.00 66,608.00 10,118.00
2015-09-20 363,478.00 132,214.00 88,767.00 10,118.00
2015-06-20 349,172.00 128,395.00 84,610.00 10,118.00
2015-03-20 334,034.00 121,063.00 80,582.00 10,118.00
2014-12-20 314,773.00 109,727.00 76,116.00 9,913.00
2014-09-20 294,702.00 99,655.00 71,805.00 9,913.00
2014-06-20 279,374.00 91,957.00 68,374.00 9,913.00
2014-03-20 265,010.00 85,904.00 65,325.00 9,913.00
2013-12-20 302,967.00 97,815.00 81,982.00 7,057.00
2013-09-20 238,163.00 77,511.00 61,838.00 7,057.00
2013-06-20 224,361.00 70,179.00 59,688.00 7,057.00
2013-03-20 217,829.00 67,578.00 58,243.00 7,057.00
2012-12-20 160,509.00 48,819.00 37,510.00 10,281.00
2012-09-20 208,240.00 61,654.00 53,838.00 10,281.00
2012-06-20 202,932.00 59,584.00 52,178.00 10,281.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Keyence has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Keyence used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Keyence has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Keyence's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Keyence has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Keyence's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Keyence's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Keyence is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Keyence's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Keyence's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Keyence has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Keyence Company Filings, last reported 3 months ago.

OTCPK:KYCC.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-20 1,532,781.00 0.00 855,920.00
2018-09-20 1,488,618.00 0.00 949,532.00
2018-06-20 1,430,376.00 0.00 857,840.00
2018-03-20 1,381,056.00 0.00 807,730.00
2017-03-20 1,184,551.00 0.00 677,203.00
2016-06-20 1,065,958.00 0.00 710,860.00
2016-03-20 1,043,042.00 0.00 611,284.00
2015-12-20 1,012,699.00 0.00 533,144.00
2015-09-20 978,964.00 0.00 542,538.00
2015-06-20 950,514.00 0.00 684,706.00
2015-03-20 923,375.00 0.00 639,956.00
2014-12-20 890,061.00 0.00 589,521.00
2014-09-20 859,433.00 0.00 522,996.00
2014-06-20 827,549.00 0.00 484,407.00
2014-03-20 804,203.00 0.00 481,683.00
2013-12-20 782,146.00 0.00 454,156.00
2013-09-20 760,503.00 0.00 462,575.00
2013-06-20 736,158.00 0.00 436,333.00
2013-03-20 718,256.00 0.00 422,738.00
2012-12-20 692,634.00 0.00 412,219.00
2012-09-20 674,372.00 0.00 395,725.00
2012-06-20 658,366.00 0.00 380,527.00
  • Keyence has no debt.
  • Keyence has not taken on any debt in the past 5 years.
  • Keyence has no debt, it does not need to be covered by operating cash flow.
  • Keyence has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Keyence's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Keyence has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Keyence's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.29%
Current annual income from Keyence dividends. Estimated to be 0.31% next year.
If you bought $2,000 of Keyence shares you are expected to receive $6 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Keyence's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Keyence's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:KYCC.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:KYCC.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 250.00 2.00
2022-03-31 240.00 4.00
2021-03-31 241.43 14.00
2020-03-31 211.00 15.00
2019-03-31 190.00 15.00
OTCPK:KYCC.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-04 200.000 0.308
2019-02-01 200.000 0.341
2018-11-02 200.000 0.348
2018-11-01 200.000 0.352
2018-06-14 100.000 0.165
2018-04-26 100.000 0.149
2018-02-02 100.000 0.156
2018-02-01 100.000 0.147
2017-11-02 100.000 0.151
2017-10-30 100.000 0.159
2017-07-27 100.000 0.175
2017-06-12 100.000 0.200
2017-04-27 100.000 0.206
2016-10-31 100.000 0.240
2016-09-12 100.000 0.267
2016-06-13 75.000 0.210
2016-04-27 100.000 0.295
2015-10-27 75.000 0.245
2015-07-31 100.000 0.353
2015-06-15 100.000 0.301
2015-05-07 100.000 0.303
2015-02-03 100.000 0.319
2015-02-02 100.000 0.353
2014-10-31 100.000 0.369
2014-10-29 100.000 0.399
2014-06-13 30.000 0.134
2014-05-08 30.000 0.150
2014-02-03 30.000 0.146
2014-01-31 30.000 0.145
2013-08-02 30.000 0.158
2013-06-14 30.000 0.184
2013-05-08 30.000 0.189
2012-08-03 30.000 0.256
2012-06-14 27.273 0.285
2012-05-09 27.273 0.305
2012-02-02 27.273 0.293
2012-01-30 27.273 0.317
2011-11-02 27.273 0.313
2011-07-29 27.273 0.293
2011-05-09 27.273 0.278
2011-02-02 27.273 0.283
2011-01-31 27.273 0.273
2010-11-02 27.273 0.270
2010-10-29 27.273 0.306
2010-06-18 27.273 0.309
2010-05-07 27.273 0.286
2010-02-02 27.273 0.286
2010-01-29 27.273 0.291
2009-11-02 27.273 0.318
2009-10-30 27.273 0.324
2009-06-19 24.793 0.295
2009-05-08 24.793 0.280
2009-03-23 24.793 0.303

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keyence is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Keyence is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Keyence's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Keyence's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Keyence's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Keyence's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Keyence afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Keyence has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Keyence's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Akinori Yamamoto
AGE 53
TENURE AS CEO 8.3 years
CEO Bio

Mr. Akinori Yamamoto, CPA, has been the President of Keyence Corporation since December 2010. Mr. Yamamoto serves as Executive Director of Japan at GCA Savvian Corporation and served as its Vice President and Senior Consultant. Mr. Yamamoto joined GCA Co., Ltd. in April 2007. He was an Associate at Mezzanine Corporation, which he joined in May 2008. Mr. Yamamoto was a Senior Consultant at Mezzanine Corporation. He joined Deloitte Touche Tohmatsu in 2005 and was engaged in statutory audit for global financial institutions. He has been a Representative Director of Keyence Corporation since December 2010. Mr. Yamamoto is a Japanese Junior C.P.A. He received a B.A. in Economics from The University of Tokyo.

CEO Compensation
  • Insufficient data for Akinori to compare compensation growth.
  • Insufficient data for Akinori to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Keyence management team in years:

6.5
Average Tenure
51.5
Average Age
  • The average tenure for the Keyence management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Akinori Yamamoto

TITLE
President & Representative Director
AGE
53
TENURE
8.3 yrs

Akira Kanzawa

TITLE
Manager of Development Promotion Department & Director
AGE
61
TENURE
9.8 yrs

Tomohide Ideno

TITLE
Manager of Automatic Recognition Business Department & Director
AGE
50
TENURE
3.3 yrs

Keiichi Kimura

TITLE
Mngr of Mgmt Information Office
AGE
50
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Keyence board of directors in years:

4.8
Average Tenure
53
Average Age
  • The tenure for the Keyence board of directors is about average.
Board of Directors

Takemitsu Takizaki

TITLE
Honorary Chairman
AGE
73
TENURE
4 yrs

Akinori Yamamoto

TITLE
President & Representative Director
AGE
53
TENURE
8.3 yrs

Akira Kanzawa

TITLE
Manager of Development Promotion Department & Director
AGE
61
TENURE
9.8 yrs

Tomohide Ideno

TITLE
Manager of Automatic Recognition Business Department & Director
AGE
50
TENURE
2.8 yrs

Keiichi Kimura

TITLE
Mngr of Mgmt Information Office
AGE
50
TENURE
4.8 yrs

Masoto Fujimoto

TITLE
Outside Director
AGE
65
TENURE
4.8 yrs

Masayuki Miki

TITLE
Director
AGE
43
TENURE
4.8 yrs

Yoichi Tanabe

TITLE
Outside Director
AGE
49
TENURE
2.8 yrs

Akiji Yamaguchi

TITLE
Director

Kouichi Ogawa

TITLE
Outside Auditor
AGE
67
TENURE
11.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Keyence's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Keyence has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Keyence Corporation, together with its subsidiaries, develops, manufactures, and sells factory automation solutions worldwide. The company offers photoelectric, fiber optic, laser, positioning, vision, and inductive proximity sensors, as well as network communication units used for presence/absence and part differentiation applications. It also provides measurement sensors, such as laser displacement and profilometer, optical/digital micrometer, 3D interference measurement, scanning confocal laser, spectral interference displacement, and contact displacement/LVDT sensors; and image and 3D measurement systems. In addition, the company offers safety products comprising safety light curtains and laser scanners, and e-stop controllers to protect operators from machine hazards; and pressure, flow, level, and temperature sensors for monitoring equipment processes. Further, it provides static eliminators/ionizers and electrostatic sensors which protect workers, machinery, and products from the damaging effects of electrostatic charge; vision systems and sensors, and barcode scanners to perform automatic inspection and part identification; and PLC and other controls that are used for machine control applications. Additionally, the company offers laser marking systems/laser markers, as well as industrial inkjet printers; digital, 3D laser scanning, and fluorescence microscopes, as well as wide-area 3D measuring systems for industrial and life science applications; and handheld mobile computers. It serves customers in automotive/chassis assembly, metals/machining, FPD/glass, semiconductor/ICS, plastic/molding, food/pharmaceutical, steel, and other industries. Keyence Corporation was founded in 1972 and is headquartered in Osaka, Japan.

Details
Name: Keyence Corporation
KYCC.F
Exchange: OTCPK
Founded: 1972
¥77,228,809,698
121,264,136
Website: http://www.keyence.com
Address: Keyence Corporation
1-3-14, Higashi-Nakajima,
Higashi-Yodogawa-ku,
Osaka,
533-8555,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6861 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK KYCC.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB KEE Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
6,602
Keyence employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:52
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/02/04
Last earnings reported: 2018/12/20
Last annual earnings reported: 2018/03/20


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.